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KTM halts production of the X-Bow two-seater as inventory grows

With sales well below expectations and 80 units reportedly unsold, Austrian motorcycle company KTM has temporarily halted production of the ultralight X-Bow two-seat sports car. KTM officials originally expected sales of 1,000 units a year. But that lofty goal is being scaled back to between 200 and 300 units a year.

USED CAR BUYER CONFIDENCE “UNLIKELY TO IMPROVE” IN 2011 SAYS RAC

USED CAR buyer confidence is unlikely to improve significantly in 2011, meaning that demand for safety net products such as extended warranties will remain strong, says RAC Warranty. The company points out that at the end of 2010, used car warranties are still being enhanced – by both length of time and depth of cover – at around the same rates as during the worst parts of the recession, indicating that the mood of consumers remains cautious. Ian Simpson, sales and marketing director, said: “Next year, the measures that the coalition Government has undertaken to reduce public spending will really start to bite and that will have a definite impact on general confidence.

Vintage Rolls-Royce, Aston Martin will be on display at London concours

Two icons of British car lore, a 1928 Rolls-Royce and a 1950 Aston Martin, will be on display at a concours event July 21-24 in London. The cars are being shown at Salon Prive, a supercar and concours gathering next week in advance of RM auctions’ sale in October. While the auction could get pricey with competitive bidding, Salon Prive will offer fans of British cars an opportunity to simply soak in these storied rides.